Income statement
The following account balances were taken from the adjusted trial balance for Shanghai Messenger Service, a delivery service firm, for the current fiscal year ended September 30, 2014:
|
Depreciation Expense |
$ 7,250 |
Rent Expense |
$ 36,000 |
|
Fees Earned |
440,000 |
Salaries Expense |
265,150 |
|
Insurance Expense |
1,200 |
Supplies Expense |
2,200 |
|
Miscellaneous Expense |
7,100 |
Utilities Expense |
28,500 |
Prepare an income statement.